597 S La Mirada Road, Palm Springs, California 92264, Palm Springs, 92264 - 2 bed, 3 bath
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Palm Springs, California 92264
This property presents a High-Potential Investment Opportunity with a List Price of $1,700,000—positioned above the $1,481,404 Fair Market Value. While the price reflects a premium, the asset offers significant upside through its historical pedigree and 3,601 sqft footprint. With a Condition Rating of 5, the home requires a comprehensive restoration. The expansive 13,939 sqft lot, combined with panoramic mountain views and a private pool, provides a rare canvas for luxury repositioning. This is an ideal acquisition for Value-Add Investors or Preservationists seeking a legacy project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 597 S La Mirada Road Subject | $1,700,000* List Price | 2 | 3 | 3,601 | $411 | - |
A 300 Big Canyon Drive N Sold | $1,200,000 | 4 | 5 | 2,650 | $453 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1968 and offered 'AS-IS,' this property is in original vintage condition and requires a total rehab. The interior features highly dated 1960s finishes, and the listing emphasizes a 'restoration' project, indicating that systems and surfaces are well beyond their functional lifespan.
As the first home built on South La Mirada in 1968, this property offers significant architectural heritage and potential eligibility for historic designation and preservation incentives.
Situated in the desirable Tahquitz Canyon area of South Palm Springs, the estate features stunning mountain and desert views, providing a quintessential luxury backdrop.
Boasting over 3,600 square feet on a generous 13,939 square foot lot, the property provides an expansive footprint and substantial upside for a high-end luxury restoration.
Offered in 'as-is' vintage condition, the property requires a comprehensive restoration and significant capital investment to meet modern luxury standards.
The current configuration of only two bedrooms within 3,601 square feet may limit immediate market appeal and require structural reconfiguration to optimize the living space.
An extraordinary opportunity to restore and reimagine a unique piece of Palm Springs history. Offered AS-IS, 597 S. La Mirada presents exceptional potential for investors, preservationists, or buyers seeking to create a remarkable desert estate.Built in 1968, this vintage residence is believed to have been the first home constructed on South La Mirada and offers an incredible canvas for a thoughtful renovation that honors its architectural heritage while embracing modern luxury. Whether your vision is a high-end resale, income-producing investment, or forever home, the possibilities are endless.With its historical pedigree, desirable location, and potential eligibility for historic designation, this property offers an opportunity that extends well beyond a traditional remodel. Buyers are encouraged to investigate the potential for historic designation and any associated preservation incentives.Properties with this combination of location, history, and investment upside rarely become available. Restore its legacy, elevate its design, and create the next chapter of this exceptional Palm Springs address.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 3,601 | 2,076 |
| Lot Size | 13,939 | 10,454 |
| Price | $1.70M | $1.04M |
| Price per sq ft | $472 | $525 |
| Built year | 1968 | 1977 |
| HOA | $0 | $332 |
| Days on market | 26 | 75 |
Jun 26, 2026
$1,700,000
Initial Listing